Trinity Industries, Inc. (NYSE:TRN) Shares Sold by Versor Investments LP

Versor Investments LP reduced its position in shares of Trinity Industries, Inc. (NYSE:TRN) by 78.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,998 shares of the transportation company’s stock after selling 25,300 shares during the period. Versor Investments LP’s holdings in Trinity Industries were worth $246,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Creative Planning increased its holdings in shares of Trinity Industries by 6.1% during the 3rd quarter. Creative Planning now owns 17,388 shares of the transportation company’s stock worth $606,000 after buying an additional 1,000 shares during the last quarter. International Assets Investment Management LLC grew its position in Trinity Industries by 3,384.0% in the third quarter. International Assets Investment Management LLC now owns 10,452 shares of the transportation company’s stock worth $364,000 after acquiring an additional 10,152 shares during the period. Nisa Investment Advisors LLC grew its position in Trinity Industries by 25.9% in the third quarter. Nisa Investment Advisors LLC now owns 25,500 shares of the transportation company’s stock worth $888,000 after acquiring an additional 5,247 shares during the period. Atria Investments Inc acquired a new stake in Trinity Industries during the third quarter worth $270,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in Trinity Industries in the third quarter valued at $204,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TRN has been the subject of a number of research analyst reports. The Goldman Sachs Group started coverage on shares of Trinity Industries in a research report on Monday, November 18th. They set a “neutral” rating and a $39.00 price objective for the company. StockNews.com cut shares of Trinity Industries from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, Susquehanna raised their price objective on shares of Trinity Industries from $34.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday.

Trinity Industries Stock Down 3.4 %

Shares of NYSE TRN opened at $30.03 on Tuesday. The stock has a market cap of $2.46 billion, a P/E ratio of 18.31 and a beta of 1.40. The business’s fifty day simple moving average is $35.73 and its 200-day simple moving average is $35.21. Trinity Industries, Inc. has a 12-month low of $24.49 and a 12-month high of $39.83. The company has a current ratio of 1.80, a quick ratio of 1.08 and a debt-to-equity ratio of 4.35.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings results on Thursday, February 20th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Trinity Industries had a return on equity of 11.78% and a net margin of 4.49%. The company had revenue of $629.40 million for the quarter, compared to analyst estimates of $589.30 million. As a group, equities analysts predict that Trinity Industries, Inc. will post 1.65 EPS for the current fiscal year.

Trinity Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.00%. This is an increase from Trinity Industries’s previous quarterly dividend of $0.28. Trinity Industries’s payout ratio is presently 73.17%.

Trinity Industries Company Profile

Trinity Industries, Inc provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services.